OPTIWIRE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
OPTIWIRE
Largest movements
- Cash -€176,683
down €176,683 (-52.2%), from €338,563 to €161,879
mainly Contributions, distributions and other (-€210,824) and Receivables within one year (-€139,802)
- Receivables within one year +€139,802
up €139,802 (+150%), from €93,109 to €232,911
of which Trade receivables: +€135,991
- Tangible fixed assets +€14,190
up €14,190 (+27.6%), from €51,345 to €65,534
of which Leasing and similar rights: +€24,493
- Reserves -€58,708
down €58,708 (-29.6%), from €198,256 to €139,549
- Other debts -€45,975
down €45,975 (-20.0%), from €229,930 to €183,955
- Current portion of long-term debt +€22,164
up €22,164 (+128%), from €17,373 to €39,538
- Trade debts +€16,940
up €16,940 (+249%), from €6,794 to €23,734
- Tax, wage and social debts +€16,922
up €16,922 (+196%), from €8,623 to €25,544
of which Taxes: +€14,061
- Gross operating margin +€120,255
up €120,255 (+45.4%), from €265,069 to €385,324
- Staff costs +€36,381
up €36,381 (+29.6%), from €123,060 to €159,441
- Taxes +€21,093
up €21,093 (+93.3%), from €22,609 to €43,702
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €485,802 | €462,082 | -€23,720 | -4.9% |
| Fixed assets | 21/28 | €51,345 | €65,534 | +€14,190 | +27.6% |
| Tangible fixed assets | 22/27 | €51,345 | €65,534 | +€14,190 | +27.6% |
| Plant, machinery and equipment | 23 | €27,039 | €19,489 | -€7,550 | -27.9% |
| Furniture and vehicles | 24 | €4,572 | €1,820 | -€2,753 | -60.2% |
| Leasing and similar rights | 25 | €19,733 | €44,225 | +€24,493 | +124% |
| Current assets | 29/58 | €434,457 | €396,548 | -€37,910 | -8.7% |
| Amounts receivable within one year | 40/41 | €93,109 | €232,911 | +€139,802 | +150% |
| Trade receivables | 40 | €89,354 | €225,346 | +€135,991 | +152% |
| Other amounts receivable | 41 | €3,755 | €7,566 | +€3,811 | +101% |
| Cash at bank and in hand | 54/58 | €338,563 | €161,879 | -€176,683 | -52.2% |
| Deferred charges and accrued income | 490/1 | €2,785 | €1,757 | -€1,028 | -36.9% |
| Total equity and liabilities | 10/49 | €485,802 | €462,082 | -€23,720 | -4.9% |
| Equity | 10/15 | €202,256 | €143,549 | -€58,708 | -29.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €198,256 | €139,549 | -€58,708 | -29.6% |
| Distributable reserves | 133 | €198,256 | €139,549 | -€58,708 | -29.6% |
| Amounts payable | 17/49 | €283,546 | €318,533 | +€34,988 | +12.3% |
| Amounts payable after more than one year | 17 | €20,826 | €35,762 | +€14,936 | +71.7% |
| Financial debts | 170/4 | €20,826 | €35,762 | +€14,936 | +71.7% |
| Amounts payable within one year | 42/48 | €262,720 | €282,771 | +€20,051 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €17,373 | €39,538 | +€22,164 | +128% |
| Financial debts | 43 | - | €10,000 | +€10,000 | |
| Credit institutions | 430/8 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €6,794 | €23,734 | +€16,940 | +249% |
| Suppliers | 440/4 | €6,794 | €23,734 | +€16,940 | +249% |
| Taxes, remuneration and social security | 45 | €8,623 | €25,544 | +€16,922 | +196% |
| Taxes | 450/3 | €4,255 | €18,316 | +€14,061 | +330% |
| Remuneration and social security | 454/9 | €4,368 | €7,228 | +€2,861 | +65.5% |
| Other amounts payable | 47/48 | €229,930 | €183,955 | -€45,975 | -20.0% |
| Remuneration, social security and pensions | 62 | €123,060 | €159,441 | +€36,381 | +29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,553 | €24,280 | +€2,728 | +12.7% |
| Other operating charges | 640/8 | €1,349 | €2,386 | +€1,037 | +76.8% |
| Gross operating margin | 9900 | €265,069 | €385,324 | +€120,255 | +45.4% |
| Operating profit (loss) | 9901 | €119,107 | €199,217 | +€80,110 | +67.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,753 | €3,399 | +€645 | +23.4% |
| Recurring financial charges | 65 | €2,169 | €2,570 | +€401 | +18.5% |
| Non-recurring financial charges | 66B | €584 | €828 | +€244 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €116,354 | €195,818 | +€79,464 | +68.3% |
| Income taxes | 67/77 | €22,609 | €43,702 | +€21,093 | +93.3% |
| Profit (loss) for the period | 9904 | €93,744 | €152,116 | +€58,372 | +62.3% |
| Profit (loss) for the period to be appropriated | 9905 | €93,744 | €152,116 | +€58,372 | +62.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.